SK Innovation Co (096770) Fair Value & Analysis
Energy · KR · Market cap 19.8T KRW
Fair value as of: Aug 13, 2026
From 5 valuation models · updated yesterday
Share price +10.0% over the past month.
Below-average quality, and screening another 17% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (107,083 KRW). The favourable scenario is already priced in.
- Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 81,100 KRW – 273,700 KRW · fair‑value band 67,390 KRW – 107,083 KRW · the 128,700 KRW price screens above the 107,083 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
SK Innovation Co (096770) currently trades at 128,700 KRW, while our model-based Fair Value estimate is 107,083 KRW, implying the stock looks roughly 16.8% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, SK Innovation Co generated revenue of 83.5T KRW at a net margin of -2.6%. Revenue grew 15.2% year over year. It earns a return on equity of -10.5%. Net debt stands at 22.8T KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 67,390 KRW (bear case) to 107,083 KRW (bull case); at 128,700 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -56% fair-value upside, at -17%, 096770 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 5 models by family
Widest divergence: Multiples (91,731 KRW) versus Dividend Discount (58,478 KRW). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 23 · Market factors (momentum, volatility) 36
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
SK Innovation Co., Ltd., together with its subsidiaries, engages in the development, production, and sale of petroleum, natural gas, petrochemical, lubricants, and base oil products. It operates in six segments: Petroleum and Petrochemicals, Lubricants, Battery and LiBS , E&P, E&S and Others.
Full company description
SK Innovation Co., Ltd., together with its subsidiaries, engages in the development, production, and sale of petroleum, natural gas, petrochemical, lubricants, and base oil products. It operates in six segments: Petroleum and Petrochemicals, Lubricants, Battery and LiBS , E&P, E&S and Others. The company is also involved in insurance, power, district energy, renewable, city gas, LNG, manufacturing, trading, and oil exploration businesses; storage and sale of petroleum products; manufacturing of industrial gas and separator for secondary batteries; operating gas station and sports club; selling asphalt; issuance and redemption of floating securities; evaluation, certification, manufacturing, and selling of lithium battery; collection and disposal of waste batteries; invests in carbon capture and storage, as well as in equity; and installation of electric wire. In addition, it provides business consulting, resource development, information and communication, transporting, and software development services. Further, the company offers energy solution; and operates in hydrogen industry. It operates in South Korea, Asia, Europe, the United States, and internationally. The company was formerly known as SK Energy Co., Ltd. and changed its name to SK Innovation Co., Ltd. in January 2011. SK Innovation Co., Ltd. was founded in 1962 and is headquartered in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SK Innovation Co reported revenue of 80.3T KRW in FY2025 versus 46.8T KRW in FY2021, a compound +14.4%/yr. Reported net income was −3.3T KRW in FY2025.
096770 screens 17% overvalued. Compare with Reliance Industries Limited →
Peer Group
Oil & Gas Refining & Marketing · 115 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Refining & Marketing median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Reliance Industries Limited RELIANCE | ₹1,329 | ₹751.26 | -43% |
| Valero Energy Corporation VLO | $330.21 | $127.32 | -61% |
| Marathon Petroleum Corporation MPC | $348.25 | $133.18 | -62% |
| Phillips 66 PSX | $225.58 | $99.41 | -56% |
| Neste Oyj NESTE | €29.61 | €3.83 | -87% |
| Formosa Petrochemical Corporation 6505 | 70.20 TWD | 15.32 TWD | -78% |
| HF Sinclair Corporation DINO | $87.93 | $44.96 | -49% |
| Bharat Petroleum Corporation BPCL | ₹317.00 | ₹846.81 | +167% |
| S-Oil Corporation 010950 | 140,900 KRW | 19,441 KRW | -86% |
| HD Hyundai Co 267250 | 230,500 KRW | 286,077 KRW | +24% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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